What is planning?

LAST READ: FEB 21 2024 | Q. BY: REVTI SHUKLA

A

Ankit Mishra

Introduction of Planning-

Planning is the first managerial function. It is the starting point of all managerial or business activity. Planning sets the goal or where the enterprise needs and wants to go along with a route to follow with a timetable and landmarks.

Koontz and O'Donnel have defined planning as an intellectual process, conscious determination of courses of action, the basing of decisions on purpose, facts and considered estimates.

Plans Objectives and How to achieve them:

  • What kind of organizing structure
  • What kind of people we need and when
  • How most effectively to lead and direct people
  • By furnishing standards of control

We need to understand for developing an effective plan.

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